Fomento Económico Mexicano. de Second Quarter 2024 Earnings: Beats Expectations
Fomento Económico Mexicano. de (BMV:FEMSAUBD) Second Quarter 2024 Results
Key Financial Results
- Revenue: Mex$198.7b (up 16% from 2Q 2023).
- Net income: Mex$12.2b (up 21% from 2Q 2023).
- Profit margin: 6.1% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: Mex$3.40 (up from Mex$2.82 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fomento Económico Mexicano. de Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%.
Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Beverage industry in South America.
Performance of the market in Mexico.
The company's shares are down 3.7% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Fomento Económico Mexicano. de's balance sheet.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About BMV:FEMSA UBD
Fomento Económico Mexicano. de
Through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages.
Excellent balance sheet and fair value.
